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A special purpose entity has issued the followed structure for a CMBS transaction: Bond Class Class A Class B Class C Total Par Value $150,000,000
A special purpose entity has issued the followed structure for a CMBS transaction: Bond Class Class A Class B Class C Total Par Value $150,000,000 $50,000,000 $25,000,000 $225,000,000 Credit Rating AAA A 9) At what level of loss would Class B experience a loss? a) $25MM b) $26MM c) $75MM
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